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dexar [7]
2 years ago
14

The company that Layton owns, the Music Box, is a family-owned company that has been in business for more than 100 years. Layton

wants to give back to the people of the community to acknowledge their role in the store's success. He decides to donate a significant portion of the store's profits to a charity every year. Layton's decision is an example of ___ in action.
Business
1 answer:
Lisa [10]2 years ago
5 0

Answer:

economic responsibility.

Explanation:

Layton has decided to donate a portion if his business Music Box earning's to a charity every year. His action of making donation decision is of economic responsibility. The decision is made to help out community in a good faith and is considered as social responsibility as Layton does not have any legal responsibility to make charity but still he decides to serve the society through his business earnings.

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On December 1, 2018, your company borrowed $15,000, a portion of which is to be repaid each year on November 30. Specifically, y
tino4ka555 [31]

Answer:

Explanation:

The loan will be reported in the December 31, 2019 and 2018, balance sheets, is shown below:-

                              Balance sheet(Partial)

                                                 As of December 31

                                                      2016        2015

Current liabilities

Current portion of long term debt $3,000   $2,000

Long term liabilities

Long term debt                              $10,000   $13,000

Total liabilities                                $13,000     $15,000

On December 2018 we represent the current liability of $2,000 loan because of year 31 December 2019 within of one year and the left portion of the loan represent as long term liability because it is not within one year from the balance sheet.

On December 2019 Loan remains outstanding $13,000 ($2,000 repaid on November 2019) from this amount, on November 30, $3,000 is due. So, $3,000 should be represented as current liability and the left balance $10,000 represented as long term debt.

8 0
2 years ago
Suppose that as a result of a housing price decline, the value of the bank's securitized assets falls by an uncertain amount, so
RUDIKE [14]
Answer: is D
reason: because
5 0
2 years ago
The income statements for Federer Sports Apparel for 2022 and 2021 are presented below.
klemol [59]

Answer and Explanation:

The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.

Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.

So, with the help of the spreadsheet, we will be able to find the net income by using the formulas.

4 0
2 years ago
Mason is a member of the night crew at a supermarket. His colleagues do not like working with him because he is rude and impolit
Alex777 [14]
I think the answer is A
8 0
2 years ago
Dream Threads Company sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin
mylen [45]

Answer:

350 units

Explanation:

The break even point shows the earnings that the company has to generate to be able to cover all the expenses. The formula to calculate the break even point is:

Break even point= Fixed costs / contribution margin

Break even point= $7,000/0.50

Break even point= $14,000

Now, to determine the break even point in units you have to divide $14,000 by the sales price per unit:

$14,000/$40= 350 units

According to this, the break even point in units is 350.

8 0
2 years ago
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